Lloyds Engineering Signs Purchase Deal with US Firm

Lloyds Engineering, an Indian company, has signed a deal with a US company called The Material Works (TMW).

They agreed to use TMW's special technology to make and sell a product called EPS Gen 4 cells.

These cells help clean steel without using harmful acids, which is good for the environment.

The deal lets Lloyds Engineering sell these cells everywhere except a few places like China and some areas near Red Bud, Illinois.

They will pay TMW some money every year and also provide some extra payments.

The deal is not with any related parties, and both companies will work together to improve the technology and sell more products.